SEC charges TU Dome managers
- Published: 18 Jul 2013 at 16.54
- Online news:
The Securities and Exchange Commission (SEC) has filed a criminal complaint with the Department of Special Investigation against three executives and a company, alleging dishonesty and account falsification in their management of the TU Dome Fund.
Maris Tarab, former managing director of ING Funds (Thailand) is charged with dishonesty and account falsification. (Bloomberg photo)
The TU Dome Residential Complex Property Fund (TU-PF) was set up by ING Funds (Thailand) Co to invest in residential dormitories and apartments at Thammasat University's Rangsit campus. The project was initially delayed for more than two years because contractors failed to complete construction on time.
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